Can’t get the mortgage you want?
For those who do not meet the lending guidelines for Qualified Mortgage loans
Is a Non-QM loan right for me?
Non-Qualified Mortgage (Non-QM) loans are typically for borrowers with unique income qualifying circumstances. There are millions of people who may have the income but don’t qualify with their tax returns, W-2s or pay stubs alone.
What are the type of Non-QM programs?
There are a few different types of non-qualified mortgages that you may qualify for, depending on your exact circumstances and how you are trying to qualify.
Some popular non-qualified mortgage programs are bank statement qualification programs and DSCR Non-Owner Occupied Investment programs.
Borrowers within one of the following categories may benefit from a non-qualified mortgage:
Why a Non-QM Loan?
If you’re underwater on your conforming, conventional mortgage, you may be eligible to refinance without paying down principal, and without having to pay mortgage insurance.
- Fixed Rates
- Adjustable Rate Mortgage (ARM)
- Keep Your Home
- Terms from 5 to 30 Years